Bull Waves

Bullwaves Prime is the prop firm launched by Bullwaves, a forex and CFD broker, and it leans on that link: Bullwaves (Equitex Capital Limited, licence number SD185 in the Seychelles) is named as its technology provider, while the prop firm itself is operated by Moonance LLC in Saint Vincent & the Grenadines. Traders buy a 1-step or 2-step challenge and trade on MetaTrader 5 only. Price cards list 1-step challenges from $5,000 to $400,000 and 2-step challenges from $5,000 to $200,000, and the Bullwaves Prime rules page sets a profit split of up to 80% on the funded account, with total allocation capped at $2,000,000. Residents of the United States, Belgium, China, Israel, Iran and several other countries are not accepted.

The 1-step challenge sets a 10% profit target with a 4% daily drawdown and an 8% maximum drawdown. The 2-step asks for 8% in phase 1 and 5% in phase 2, with a 5% daily and 10% maximum drawdown plus a trailing drawdown that follows the highest equity and never moves back down. Both need at least 10 active trading days per phase and have no time limit. Daily drawdown is equity-based from the day's highest equity and resets at 17:00 EST. The rules most likely to breach an account: a consistency rule (no single day may reach 30% of total profit on the 1-step or 40% on the 2-step, for the life of the account), a 2% maximum loss per trade idea, minimum hold times of 2 minutes (5 minutes on XAUUSD, BTCUSD and indices), no opening or closing trades within 3 minutes of news, and no weekend holding on the 2-step. EAs and trade copiers are allowed in the challenge but banned on funded accounts, and hedging, martingale, grid and arbitrage are prohibited.

The first payout becomes eligible 15 calendar days after the first trade, then every 15 calendar days, after at least 10 active trading days. Payouts go by bank wire, with a $30 fee, or USDT-ERC20 with no fee, within 2–5 business days and with a $50 minimum; profit counted toward each payout is capped at 6% of the starting balance per period. Challenges cost from $59 for the $5,000 2-step to $2,199 for the $400,000 1-step, paid by card or crypto, and the sale is final once login credentials are issued.

Prop Firm Pal has not verified Bull Waves, so this is not an endorsement: it is what the record shows. Its own pages name the operating company as Moonance LLC, in Saint Vincent & the Grenadines (place of incorporation). Its website has been active in Prop Firm Pal's monthly traffic record since May 2026, and traffic over the last three months is steady. Its payout policy is published, and summarised on the Payouts tab.

In Bull Waves's words

Company: “Bullwaves Prime is owned and operated by Moonance LLC, a company incorporated in Saint Vincent & the Grenadines, with registration no. 2141 LLC 2022” www.prime.bullwaves.com/…/trading-rules

Prop Firm Pal has tracked Bull Waves's website traffic every month since May 2026. In August 2026 the site received an estimated 80.84K visits, up 27% on the month before and down 9% over three months.

These are third-party estimates of website visits, collected once a month and stored against the month they describe. They are not trader counts, funded-account numbers or revenue.

Bull Waves was last measured in August 2026. On that reading it ranks 105 of the 463 prop firms Prop Firm Pal tracks — larger than 77% of them, at roughly 80.84K visits a month.

The ranking covers every firm measured between July 2026 and September 2026, each on its own latest reading in that window. Firms last measured before July 2026 are left out rather than shown with a stale figure, so the total moves month to month.

Size is not quality. A large firm is one that markets successfully, and several of the most visited firms in this ranking have the strictest rules; some of the smallest pay out reliably to everyone who asks. What the ranking is useful for is scale — whether you are looking at an established operation or something very new.